The statistics on how many seniors are scammed each year vary depending on the source and the year the data was collected, as many frauds go unreported. According to reports from the FBI's Internet Crime Complaint Center (IC3): In 2023 , over 101,000 victims aged 60 and over reported fraud to the IC3. In 2021 , the IC3 received 92,371 complaints from victims over the age of 60. It is important to note that these numbers only reflect reported incidents to the FBI. Other sou

Estate planning when co-owning assets with a non-spouse requires careful consideration to ensure your wishes are honored and to avoid future disputes. This is particularly important for co-owned businesses or real property , as your share won't automatically pass to your co-owner upon your death unless legally specified. 1. Understanding the Co-Ownership Structure The first step is determining how you co-own the asset, as this dictates what happens to your share upon your

It's important to understand when tax issues become relevant in estate planning. Revocable living trusts are cornerstones of many robust...

Yes, life insurance is an excellent and often indispensable estate planning strategy for a wide range of individuals, from those with...